denislawsbackheel
Well-Known Member
- Joined
- 28 May 2008
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- We went to Rotherham…
Everyone already has the right to buy their lease out.
Ye but the new builds are fucking extortionEveryone already has the right to buy their lease out.
Absolutely, i'm pretty sure whoever owns the lease can sell it, and then whoever buys it could charge you double (or more) to buy it.
Ye but the new builds are fucking extortion
Trouble is all those trapped in the old ones, that’s why I moved out of mine and bought an old house and purchased the freehold at the same time.Laws changing now forbidding new properties being sold lease hold following Persimmon Homes / Wimpeys scandal where the sold all the leaseholds to a private investment company who then hiked the ground rent prices and charged exorbitant fees for permission to erect a conservatory or extension (£3500 / £5000 was not uncommon)......but bearing mind the head of persimmon homes has just trousered a £112 million bonus it must have been worthwhile for them.
How are these things still legal in the UK?